Oil

Natural Gas

Shell Cheers First Gas from Trinidad and Tobago Gas project

Oil major Shell has started production from Block 5C in the East Coast Marine Area, also known as project Barracuda, located in Trinidad and Tobago, marking a m…

Oil Field

CNOOC Brings Online Another Oilfield off China

Chinese oil and gas giant CNOOC Limited has started production from its Luda 29-1 oilfield, which is located offshore China.

Crude Oil

Iran Opens New Oil Terminal in Bid to Bypass Crucial Strait of Hormuz for Exports

Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Stra…

Oil & Gas Trade

Italian LNG Imports Fall on Quick Algerian Piped Supply

Italy's LNG receipts have fallen sharply since the start of the 2020-21 gas year, displaced by brisk Algerian pipeline take.

Vietnam

Renewed Lockdown to Limit Vietnam's Gasoline Demand

Net importer Vietnam's gasoline demand is expected to take another hit as part of the country returns to a lockdown with rising Covid-19 cases.

Crude Oil

Russia Weighs Gasoline Export Ban

Russia is ready to introduce a ban on gasoline exports as soon as next week amid record-high wholesale prices on the exchange.

Crude Oil

China Taps Into Crude Reserves To Curb Oil Price Rally

The world’s top oil importer, China, has started to release more than 20 million barrels of crude oil from its strategic reserve in a move seen as seeking to c…

LNG

Shell Delivers First Gas from Barracuda Project

Shell Trinidad and Tobago announced that production has started on Block 5C in the East Coast Marine Area in Trinidad and Tobago.

Market Analysis

Carbon Capture is Expected to Play a Pivotal Role in the Race to Net Zero Emissions

Carbon capture technology is often held up as a source of hope in reducing global greenhouse gas emissions, featuring prominently in countries’ climate plans a…

Oil Pipeline

U.S., Germany Strike a Deal to Allow Completion of Controversial Russian Nord Stream 2 pipeline

The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention be…

Crude Oil

Goldman Cuts Q3 Brent Forecast to $75 a Barrel

Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost outpu…

Crude Oil

Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss

After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state of calm in t…

CCS

Chevron’s Carbon Capture Project Falls Short Of Requirements

The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like.

Crude Oil

U.S. Crude Oil Exports Reached Record Levels in 2020, Remain High in 2021

Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.

LNG

Japan’s Toho Gas Starts Carbon-Neutral City Gas Supply

Japanese gas distributor Toho Gas plans to start carbon-neutral city gas supplies as a part of its effort to achieve decarbonisation by 2050.